Clearstory, a Walnut Creek, CA-based change order communication platform for the construction sector, secured a $16 million Series B financing round.
Investors
The round was led by Prudence, with participation from industry ventures and existing investors, including Jackson Square Ventures, Building Ventures, GS Futures, and Cloud Apps Capital Partners, bringing Clearstory’s total capital to $35 million.
Founded in 2009, Prudence is an early-stage venture capital firm investing in technology companies leading the global transformation of the real estate sector. The firm is headquartered in New York City and has an office in London.
Clearstory Use of Funds
The company will use the funding to expand its platform's capabilities, enhance product development, and foster growth and innovation.
About Clearstory
Founded in 2018 by Cameron Page, Clearstory provides a change order communication platform for the construction sector. The company offers collaborative workflows and real-time visibility features to mitigate risk for general contractors and expedite the approval and payment process for specialty contractors’ change orders. Clearstory serves clients operating in the construction industry, including 13 of the 25 largest general contractors in North America. Notable clients include Suffolk, Clayco, Barton Malow, Swinerton, Kone Elevators, and Performance Contracting Group.
Funding Details
Company: Clearstory Technologies, Inc.
Raised: $16.0M
Round: Series B
Funding Month: June 2024
Lead Investors: Prudence
Additional Investors: Jackson Square Ventures, Building Ventures, GS Futures, Cloud Apps Capital Partners
Company Website: https://www.clearstory.build/
Software Category: Change Order Communication Tool
Source: https://www.worldconstructionnetwork.com/news/clearstory-series-b-funding-round/